An Investigation into the Code Revealed

question 3

Multiple Choice

An investigation into the code revealed

• A) all the code was written by a single programmer.
• B) much of the code was in the form of modules lifted from previous version of Therac.
• C) the faulty code did not cause harm in previous versions because of mechanical interlocks.
• D) All of the above

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Definitions:

Perfectly Elastic

A situation in economics where the quantity demanded or supplied changes by an infinite amount in response to any change in price; depicted by a horizontal line in price-quantity graphs.

Collusion

Cooperation among producers to limit production and raise prices so as to raise one another’s profits.

Barriers To Entry

Barriers to entry are obstacles that make it difficult for new competitors to enter an industry, including high initial investment costs, strict regulations, or strong brand loyalty among existing customers.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information.